Skip to content

Search

Latest Stories

Stonebridge adds MC Hotel to Autograph Collection

The property is co-owned with CSP MC Partners LP

Exterior view of the modern eight-story MC Hotel in Montclair, NJ, with a curved glass facade and rooftop structure, located in a vibrant downtown area, 2025

Stonebridge Cos. recently added the 159-room, eight-story MC Hotel in Montclair, New Jersey, to its Autograph Collection portfolio.

Stonebridge Cos. Welcomes MC Hotel to Autograph Collection

STONEBRIDGE COS. RECENTLY added the 159-room MC Hotel in Montclair, New Jersey, to its Autograph Collection portfolio. The property is owned in partnership with CSP MC Partners LP, an affiliate of Circle Squared Alternative Investments, led by CEO Jeff Sica.

Denver-based Stonebridge is a privately owned hotel management company founded by Chairman Navin Dimond and led by President and CEO Rob Smith.


The eight-story hotel connects to the Montclair community, the statement said. It includes a ninth-floor rooftop bar and lounge with views of the Manhattan skyline, more than 3,000 square feet of rooftop space and more than 8,000 square feet of meeting space.

Located in downtown Montclair, the hotel is near the Wellmont Theater, Montclair State University, and the Montclair Art Museum, the statement said. Guests have access to seasonal events like the Montclair Jazz Festival in August and the Montclair Film Festival in October.

“The MC Hotel is an exceptional asset in a thriving market, and we’re proud to welcome it to our managed family of Autograph Collection Hotels,” said Smith. “Its location, design and connection to the Montclair arts scene make it a perfect fit for our lifestyle portfolio. We look forward to enhancing its performance while preserving its unique identity.”

Stonebridge recently promoted 18 team members across operations, accounting, technology, legal, risk, revenue and commercial services.

More for you

Miami JV Development: Gencom Secures $300M
Photo credit: The Ritz-Carlton

Gencom secures $300M for Miami JV development

A GENCOM-LED JOINT venture recently secured a $300 million debt facility to refinance existing debt and fund renovations at The Ritz-Carlton Key Biscayne in Miami. Key Bay Club LLLP, an affiliate of Fortune International Group, contributed the Grand Bay Club to the JV as part of the financing deal.

The partnership will combine the hotel and beach club sites into a 22-acre masterplan with more than 1,200 linear feet of beach frontage, the companies said in a statement.

Keep ReadingShow less
CBRE: US Hotel RevPAR to Grow 1.3 Percent in 2025

CBRE: RevPAR to grow 1.3 percent in 2025

U.S. HOTEL REVPAR is expected to grow 1.3 percent in 2025, supported by urban markets from group and business travel and increased demand for drive-to and regional leisure destinations, according to CBRE. Occupancy is forecast to rise 14 basis points and ADR 1.2 percent year-over-year.

This represents slower growth than CBRE’s February forecast, which projected 2 percent RevPAR growth based on a 21-basis-point increase in occupancy and a 1.6 percent rise in ADR, the commercial real estate and investment firm said.

Keep ReadingShow less